Peyton Allworth on Nostr: A proof of work scarce digital store of value that no one controls would be a winner ...
A proof of work scarce digital store of value that no one controls would be a winner take all game. There will not be other proof of works with significant portions of global use. It is inevitable that it would become a way to escape being unbanked, then mild inflation protection, then used in cross boarder settlement, then used for sovereign individuals to subject other actors to natural law in a digital space. Right now the transition from unbanked to being used for escape from just mild inflation is just starting.
Published at
2024-01-16 08:00:50Event JSON
{
"id": "f3d0827fd2bd625d26df177e53c7e6eb8a41ded18471902a4408ee1a20cc3b53",
"pubkey": "d640c99a60dc273aa936382cd8439274451c04a8a95df81f2e967a18896eb248",
"created_at": 1705392050,
"kind": 1,
"tags": [
[
"e",
"30717b46f5d74c8d4f04a5c01756b77abbbee25dbc67f47ef6216117d7a0e517",
"",
"root"
],
[
"e",
"fda32b51c958de00c7958a620894acc02e51441ccd1e14a3af8998348cfa8cce",
"",
"reply"
],
[
"p",
"d640c99a60dc273aa936382cd8439274451c04a8a95df81f2e967a18896eb248"
],
[
"client",
"Nostur",
"31990:9be0be0fc079548233231614e4e1efc9f28b0db398011efeecf05fe570e5dd33:1685868693432"
]
],
"content": "A proof of work scarce digital store of value that no one controls would be a winner take all game. There will not be other proof of works with significant portions of global use. It is inevitable that it would become a way to escape being unbanked, then mild inflation protection, then used in cross boarder settlement, then used for sovereign individuals to subject other actors to natural law in a digital space. Right now the transition from unbanked to being used for escape from just mild inflation is just starting.",
"sig": "2d137542e58d3ee9c72910507df63397895b1c699ae212f3c57fec3ee5096e17a029acbd831cf5e03c64daa99babba40ff256eb9260808a00122b1fd8e4f61ba"
}